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Pilbara Minerals ( (AU:PLS) ) has issued an announcement.
Pilbara Minerals reported a challenging FY25 with a 39% decline in revenue to $769 million, primarily due to a 43% drop in average realized prices, despite a 7% increase in sales volume. The company maintained strong operational performance with record production levels and completed significant capital investments, including the Pilgangoora expansion projects. Despite a statutory loss after tax of $196 million, Pilbara Minerals remains financially robust with a strong cash position and total liquidity of $1.6 billion. The company is focused on cost reduction and efficiency improvements through the P850 operating model and is well-positioned for future growth with its diversified portfolio and strategic initiatives.
The most recent analyst rating on (AU:PLS) stock is a Buy with a A$2.70 price target. To see the full list of analyst forecasts on Pilbara Minerals stock, see the AU:PLS Stock Forecast page.
More about Pilbara Minerals
Pilbara Minerals Limited is a leading lithium producer, primarily focused on the production and sale of spodumene concentrate. The company operates in the lithium mining industry and is known for its Pilgangoora Operation, which is one of the largest hard rock lithium operations globally. Pilbara Minerals is committed to expanding its growth portfolio and maintaining a robust balance sheet to support its operations and future projects.
YTD Price Performance: -3.65%
Average Trading Volume: 51,517,185
Technical Sentiment Signal: Buy
Current Market Cap: A$6.79B
Learn more about PLS stock on TipRanks’ Stock Analysis page.